January

January natural gas is set to open 10 cents higher Wednesday morning at $3.73 as overnight weather models show a stronger Arctic air mass than previously thought. Overnight oil markets fell.

January natural gas is expected to open 3 cents lower Friday morning at $3.48 as traders digest highly overbought market conditions and mull positions before a weekend that could bring unexpected weather developments. Overnight oil markets eased.

Gains of 30 cents or more were the norm for most natural gas forwards markets for the period between Nov. 23 and Dec. 1 as the string of weather systems bringing cooler-than-normal temperatures continues to sweep across the U.S., according to NGI’sForward Look.

January natural gas is set to open 5 cents lower Tuesday morning at $3.28 as traders note at least a momentary end to progressively colder temperature forecasts and see a somewhat over-exuberant market. Overnight oil markets tumbled.

December natural gas is set to open unchanged Tuesday at $2.950 as traders look for additional cold that may act as a catalyst for further price advances. Overnight oil markets were mixed.

Production of natural gas and its use in the United States were both up in the first month of 2016 compared with January 2015, but not at the same heady rates of increase the industry has become accustomed to, according to the Energy Information Administration (EIA).

Production of natural gas and its use in the United States were both up in the first month of 2016 compared with January 2015, but not at the same heady rates of increase the industry has become accustomed to, according to the Energy Information Administration (EIA).

Continuing a string of records, domestic dry gas production in January reached 2.30 Tcf (74.2 Bcf/d), the highest for any January since EIA began reporting such data in 1973 and the third straight January to set such a record, the Energy Information Administration (EIA) said.

The Texas Petro Index (TPI), a barometer that measures the health of the state’s oil and natural gas industry, in January surpassed its low point set during the industry’s previous cycle, and there is more pain ahead, according to the economist who compiles the index. But on the bright side, state crude oil production declined from year-ago levels.